Why Aldeyra Therapeutics Stock Is Sinking Today
Shares of Aldeyra Therapeutics (NASDAQ: ALDX) were 8.3% lower as of 12:31 p.m. EDT on Wednesday. The decline came after the company announced plans for a $125 million public stock offering.
Public offerings usually cause stocks to fall because they dilute the value of existing shares. That's why Aldeyra's share price is tumbling today. But there's a flip side to the story that's positive. These offerings enable companies to raise additional capital.
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Source Fool.com
